Cairn India Ltd. (CAIR IN): India’s government will decide
on Vedanta Resources Plc’s planned purchase of the operator of
India’s largest onshore oil field in a “few weeks,” S.
Sundareshan, the oil secretary, said in New York yesterday. The
shares advanced 2.1 percent to 342.95 rupees.

Godrej Properties Ltd. (GPL IN): The real estate company
controlled by billionaire Adi Godrej was raised to “buy” from
“hold” by Suman Memani, an analyst at Religare Capital
Markets, with a 12-month price estimate of 920 rupees per share.
The stock rose 0.2 percent to 746.85 rupees.

JSW Energy Ltd. (JSW IN): An affiliate of India’s third-
largest steelmaker is planning to refinance 33.75 billion rupees
($758 million) of loans that it raised to fund a power plant in
western India, the Economic Times reported, without saying where
it got the information. JSW gained 0.6 percent to 123.9 rupees.

Peninsula Land Ltd. (PENL IN): The Mumbai-based property
developer was raised to “hold” from “sell” by Suman Memani,
an analyst at Religare Capital Markets, with a 12-month price
estimate of 80 rupees per share. The shares increased 1.3
percent to 69.15 rupees.

State Bank of India (SBIN IN): The country’s largest bank
plans to sell as much as 10 billion rupees of 10-and 15-year
bonds to raise funds to boost its capital, according to a person
familiar with the matter. The shares declined 0.5 percent to
3,233.3 rupees.

Tata Consultancy Services Ltd. (TCS IN): The largest
software services exporter was cut to “neutral” from “buy”
at Goldman Sachs Group Inc., which said investors should seek a
“better entry point than current valuations.” The brokerage
maintained its share-price estimate of 984 rupees, according to
a report by analysts including Balaji Prasad. The stock rose 1
percent to 959.65 rupees.